Thanasiri Group Public Company Limited

SET:THANA Stock Report

Market Cap: ฿338.4m

Thanasiri Group Balance Sheet Health

Financial Health criteria checks 2/6

Thanasiri Group has a total shareholder equity of THB573.5M and total debt of THB669.9M, which brings its debt-to-equity ratio to 116.8%. Its total assets and total liabilities are THB1.4B and THB807.8M respectively. Thanasiri Group's EBIT is THB21.6M making its interest coverage ratio 1.2. It has cash and short-term investments of THB16.6M.

Key information

116.8%

Debt to equity ratio

฿669.93m

Debt

Interest coverage ratio1.2x
Cash฿16.58m
Equity฿573.49m
Total liabilities฿807.77m
Total assets฿1.38b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: THANA's short term assets (THB1.1B) exceed its short term liabilities (THB687.6M).

Long Term Liabilities: THANA's short term assets (THB1.1B) exceed its long term liabilities (THB120.2M).


Debt to Equity History and Analysis

Debt Level: THANA's net debt to equity ratio (113.9%) is considered high.

Reducing Debt: THANA's debt to equity ratio has increased from 67.4% to 116.8% over the past 5 years.

Debt Coverage: THANA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: THANA's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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